The Fair Credit Billing Act (FCBA) is a United States federal law enacted in 1975 as an amendment to the Truth in Lending Act (codified at 15 U.S.C. ยง 1601 et seq.). Its purpose is to protect consumers from unfair billing practices and to provide a mechanism for addressing billing errors in "open end" credit accounts, such as credit card or charge card accounts.
Read more about Fair Credit Billing Act: Examples of Billing Errors, Correction of Billing Errors, Other Regulations of The FCBA, Enforcement of The FCBA
Famous quotes containing the words fair, credit and/or act:
“Let us have a fair field! This is all we ask, and we will be content with nothing less. The finger of evolution, which touches everything, is laid tenderly upon women. They have on their side all the elements of progress, and its spirit stirs within them. They are fighting, not for themselves alone, but for the future of humanity. Let them have a fair field!”
—Tennessee Claflin (1846–1923)
“If you love those who love you, what credit is that to you? For even sinners love those who love them.”
—Bible: New Testament, Luke 6:32.
“I look on trade and every mechanical craft as education also. But let me discriminate what is precious herein. There is in each of these works an act of invention, an intellectual step, or short series of steps taken; that act or step is the spiritual act; all the rest is mere repetition of the same a thousand times.”
—Ralph Waldo Emerson (1803–1882)